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Jan 31, 2013
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investors reacting to a report showing that the economy contracted during the final three months of last year. now it's the first negative print on gdp since the spring of 2009 due to a big drop in defense spending and uncertainty over the fiscal cliff. we'll get data on personal income and spending and manufacturing. look for that. meantime, the dow closed 44 points lower yesterday to 13,910. the nasdaq down 11 to 3142. remember the major indices are still on track for the best january in years. okay. back to the twinkies for a second. you can definitely stop hoarding them. the iconic log shape pound cake with a cream feeling has been saved. they will pay $410 million. metropolis owns pabst brewing. >> all right. thank you very much. >>> 4:47. sounds like mother nature is being kind. >> she's being gratuitous. 70s in the middle of winter. you have to love that. today you'll hit 70s in the beach cities. you'll have to hold on for me to show you which one. 36 degrees to start you out in napa. 44 in san francisco. let's talk about what's happening right now. air quality has improved quite
investors reacting to a report showing that the economy contracted during the final three months of last year. now it's the first negative print on gdp since the spring of 2009 due to a big drop in defense spending and uncertainty over the fiscal cliff. we'll get data on personal income and spending and manufacturing. look for that. meantime, the dow closed 44 points lower yesterday to 13,910. the nasdaq down 11 to 3142. remember the major indices are still on track for the best january in...
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Jan 30, 2013
01/13
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economy shrank in the last quarter. scott, a real surprise. >> all over the financial world people are saying, what now? down .1. a small decrease. gdp wasn't expected to get smaller. let me be specific. we are not talking the number is smaller like slow growth. no growth. negative growth. two quarters of negative growth is a recession. it's a small decrease. almost entirely due to smaller defense spending. halfway to a recession by even such a small margin. that's a real surprise this morning. facebook meanwhile reports its profits this afternoon. facebook has been working hard to solve its problems with mobile. the company stock has been moving steadily upward. just over $30 it's still below the ipo price set last may. the trial that will never end -- apple versus samsung took another twist in san jose federal court when judge lucy koh said she would not increase the penalty against sam sung for copy right infringement. she said there is not enough evidence that samsung willingly infringed on apple design. when you lo
economy shrank in the last quarter. scott, a real surprise. >> all over the financial world people are saying, what now? down .1. a small decrease. gdp wasn't expected to get smaller. let me be specific. we are not talking the number is smaller like slow growth. no growth. negative growth. two quarters of negative growth is a recession. it's a small decrease. almost entirely due to smaller defense spending. halfway to a recession by even such a small margin. that's a real surprise this...
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Feb 1, 2013
02/13
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jim an economy of words. let's go back live to the convention center and dip back into that press conference between jim and john harbaugh. first time in nfl history the coaches of the super bowl having a joint press conference. >> have you, jim? >> i have not. >> good morning, guys. sam farmer of "the los angeles times." earlier this week jack addressed the topic of jim's son working for you, john. i wonder if you could talk about or address just how special it is, both of you, to have that situation and he's worked for both of you at various times. wanted to get your thoughts on that. >> well, i'm really, really thankful and proud at the same time that jay is doing what he loves to do. that's a real blessing. and he's doing it with the baltimore ravens with a tremendous organization, great coaches around to mentor him and to teach him and especially john being there and hiring him and i hear he's doing a phenomenal job, which again i'm really, really proud of. and then this week, you know, it's been tough.
jim an economy of words. let's go back live to the convention center and dip back into that press conference between jim and john harbaugh. first time in nfl history the coaches of the super bowl having a joint press conference. >> have you, jim? >> i have not. >> good morning, guys. sam farmer of "the los angeles times." earlier this week jack addressed the topic of jim's son working for you, john. i wonder if you could talk about or address just how special it is,...
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Feb 4, 2013
02/13
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also pretty good news for the economy. virgin says it will add 15 workers to this airport once it starts its service here. live from san jose international, marla tellez, "today in the bay." >> all right. see if it brings everyone else's prices down a bit. >> we hope for that. 5:09 right now. coming up, it was the attack of the killer bees. there's more. we'll take a look at the super bowl commercials that people will be talking about all morning long including one focusing on a 49er superstar. >>> is it possible one of the best commercials didn't run on tv at all? we'll take a look coming up in business news. >>> a live look outside from the south bay this morning. traffic picking up just a little bit. we'll help you get through this monday morning especially as 49ers blues a bit. we're all in it together. 5:09 right now. >>> one of our favorite shots to show is live in our control room. that is where the power and magic happens. all those people in there waving and making it go for us. we thank you very much for making u
also pretty good news for the economy. virgin says it will add 15 workers to this airport once it starts its service here. live from san jose international, marla tellez, "today in the bay." >> all right. see if it brings everyone else's prices down a bit. >> we hope for that. 5:09 right now. coming up, it was the attack of the killer bees. there's more. we'll take a look at the super bowl commercials that people will be talking about all morning long including one...
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Jan 30, 2013
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. >> the american economy sweeps in the last quarter. we'll take a look. >> as we follow the 49ers quest for six it's nice to look back at a history of the franchise. wind number 5. super bowl 29. >> here comes rice from the locker room. i guess he's ready for more. >> catch by rice. beat the defender on the play. touchdown 49ers. what a move he made on richards. some things won't last 25 years. ah! woof! some things will. some things won't last 25 years. ah! woof! some things will. to reset the phone so you don't have to pull out the battery when the phone doesn't work. that's a bad sign. amazon doesn't say how many kindles it sells. it says e-book business up 70% year over year while the actual book business, the paper kind is up 5%. books is how amazon started. now the company itself is pointing out it's not an exciting growth business. amazon ipo was way back in 1997. giant pain to use fractions then. amazon raised $54 million back then in the ipo. about $75 million. john and laura, this guy aaron levy raised twice that in private fu
. >> the american economy sweeps in the last quarter. we'll take a look. >> as we follow the 49ers quest for six it's nice to look back at a history of the franchise. wind number 5. super bowl 29. >> here comes rice from the locker room. i guess he's ready for more. >> catch by rice. beat the defender on the play. touchdown 49ers. what a move he made on richards. some things won't last 25 years. ah! woof! some things will. some things won't last 25 years. ah! woof! some...
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Feb 1, 2013
02/13
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the american economy continues to recover with okay employment. we were hoping for more. this comes after the gdp actually fell last quarter. we continue to watch all of these economic numbers. we'll have a full report on its influence on wall street coming up in just a bit. >> sounds good. thanks, scott. >>> the time is 5:32. this morning, how about history? niners in the super bowl. an hour from now head coaches jim and john harbaugh, the brothers, will be sitting down together for a joint press conference. >> i can't wait for it. the first time in super bowl history two opposing coaches, let alone brothers, have appeared together for a presser before the big game. >> let's hope they are as entertaining as their parents were when they held court. ahmed fareed joins us live from new orleans with a preview of what we can expect for the pregame bowl brothers. what's happening down there, man? >> reporter: the harbros. 49ers fans not out in full force yet. you are right. the coaches have been in the spotlight all week here at the super bowl. when they give a press conferenc
the american economy continues to recover with okay employment. we were hoping for more. this comes after the gdp actually fell last quarter. we continue to watch all of these economic numbers. we'll have a full report on its influence on wall street coming up in just a bit. >> sounds good. thanks, scott. >>> the time is 5:32. this morning, how about history? niners in the super bowl. an hour from now head coaches jim and john harbaugh, the brothers, will be sitting down together...
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Feb 5, 2013
02/13
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we talked a bit yesterday about how the stock market might have gotten ahead of the economy a little bit. apparently the stock market was listening. dow suffered the biggest loss of the year so far yesterday. let's look ahead to today. courtney reagan is live at cnbc world headquarters. good morning, courtney. >> hi. good morning to you, scott. futures are higher this morning. that's good news like you mentioned socks suffered the worst loss of the year on monday. investors sold off shares amid new worries about europe particularly what's going on with the debt crisis in spain and italy. today we'll get information on the services sector and earnings from kellogg's and disney. the dow dropped 129 points to 13,880. the nasdaq lost nearly 48 points to 3131. scott, back to you. >> courtney, thank you. jon and laura, sign of the times for you or perhaps an anti-sign of the times. mike inouye snapped this picture at the old solyndra plant yesterday as workers took down the solyndra sign. seagate brought the building for $99 $90 million. it cost $300 million to build. good deal for them. i
we talked a bit yesterday about how the stock market might have gotten ahead of the economy a little bit. apparently the stock market was listening. dow suffered the biggest loss of the year so far yesterday. let's look ahead to today. courtney reagan is live at cnbc world headquarters. good morning, courtney. >> hi. good morning to you, scott. futures are higher this morning. that's good news like you mentioned socks suffered the worst loss of the year on monday. investors sold off...
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Feb 4, 2013
02/13
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virgin also says that this is good news for the economy because it's going to be adding 15 flights to sjc so we'll see how that pans out and a side note flying out of san jose international today despite foggy conditions, so far all flights are on time. scott? >> all right. marla, thank you. virgin was rated the best american airline and has ever since virgin was invented. >>> quick check of the markets. dow started the day at its highest levels since 2007. if it gained 150 points, we would hit an all-time record of the dow. the dow industrials invented back in the 1890s. we're not going to do it today. we're down 104 points. at some point in the future -- >> it's early in the day. >> it could go -- we would have a comeback. the power could go out on the new york stock exchange. >> all right. thanks. >> toying around that 14,000 mark is just good news. we'll take that. >> it's been a while. >>> 6:26 right now. christina loren is here to tell us good news outside as well. >> great news. good morning to you. you made it past the super bowl hopefully you're still inspired to get to work
virgin also says that this is good news for the economy because it's going to be adding 15 flights to sjc so we'll see how that pans out and a side note flying out of san jose international today despite foggy conditions, so far all flights are on time. scott? >> all right. marla, thank you. virgin was rated the best american airline and has ever since virgin was invented. >>> quick check of the markets. dow started the day at its highest levels since 2007. if it gained 150...
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Jan 31, 2013
01/13
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wall street trying to digest yesterday's shocker that the american economy actually shrank last quarter. tomorrow we get the january jobs report. lots of numbers to chew over. internet talking about wednesday's big blackberry event. a company known as research in motion unveiling new phones calling itself blackberry now announcing a new global creative director. alicia keys. yes. that alicia keys. she says she loves blackberry. it's the coolest phone ever. as of yesterday though some hackers say she was still tweeting on an iphone. i checked. she's tweeting on a blackberry this morning. >> no longer on fire. thank you. >>> 6:56 right now. one final check on the day's top stories. we continue to follow a major traffic story that could affect your morning commute. crews still out there trying to clean up that fuel spill that resulted from a big rig crash in sunnyvale that happened early this morning on northbound 101. mike will be along in just a few moments with a traffic update. >>> oakland is suing to keep a medical marijuana club open. a san francisco federal judge will consider the s
wall street trying to digest yesterday's shocker that the american economy actually shrank last quarter. tomorrow we get the january jobs report. lots of numbers to chew over. internet talking about wednesday's big blackberry event. a company known as research in motion unveiling new phones calling itself blackberry now announcing a new global creative director. alicia keys. yes. that alicia keys. she says she loves blackberry. it's the coolest phone ever. as of yesterday though some hackers...